Renforth: A Deposit Grows Up
Once again Nicole Brewster at Renforth Resources (C.RFR) sends a great note to accompany the company’s most recent press release,
Year: 2020
GR Silver Mining Upsizes Bought Deal Financing to $8.1 Million
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to announce that it has further increased the size of its previously announced brokered private placement offering (“Offering“) of units (“Units“) in order to accommodate participation by First Majestic Silver Corp. (TSX: FR, NYSE: AG), an existing major shareholder of the Company, in the Offering.
GR Silver Mining Announces Upsize to Bought Deal Financing
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to announce that it has amended the terms of its previously announced offering of units of the Company. Under the amended terms of the Offering (as defined below), Beacon Securities Limited (the “Lead Underwriter“), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters“) has agreed to purchase, on a “bought deal” private placement basis, 26,000,000 units (“Units“) of the Company at a price of $0.27 per Unit (the “Issue Price“), for aggregate gross proceeds to the Company of $7,020,000 (the “Offering“). Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant”). Each Warrant will be exercisable to acquire one common share for a period of 12 months following closing of the Offering at an exercise price of $0.40 per share.
GR Silver Mining Announces $6 Million Bought Deal Financing
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – announces that it has entered into an agreement with Beacon Securities Limited (the “Lead Underwriter“), as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters (collectively, the “Underwriters“), pursuant to which the Underwriters have agreed to purchase, on a “bought deal” private placement basis, 22,300,000 units (“Units“) at a price of $0.27 per Unit (the “Issue Price“) for aggregate gross proceeds to the Company of $6,021,000 (the “Offering“). Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant (each whole warrant, a “Warrant“). Each Warrant will be exercisable to acquire one common share for a period of 12 months following closing of the Offering at an exercise price of $0.40 per share.
Renforth Releases Parbec Gold Mineral Resource Estimate
MAY 6, 2020
Renforth Resources Inc. (CSE – RFR) (OTC Pink – RFHRF) (WKN – A2H9TN) (“Renforth” or the “Company”) is pleased to provide shareholders with a pit constrained gold Mineral Resource Estimate for Renforth’s wholly owned Parbec Property, located on the Cadillac Break, in Malartic, Quebec and contiguous to the open pit Canadian Malartic Mine. This Mineral Resource Estimate has been calculated by P&E Mining Consultants Inc. of Brampton, Ontario, with an effective date of April 30th, 2020, using only assay data from between 2007 and Renforth’s last work on the property in 2019, excluding all assay results obtained historically, or prior to 2007. Renforth has in its possession all the core from 2007 to date.
GR Silver Mining Provides an Update on Gold and Silver Exploration Results at the San Marcial Project
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to announce that ongoing exploration continues to confirm substantial gold and silver potential at the San Marcial Project (“San Marcial”) in Sinaloa, Mexico.
GR Silver Mining Reports Further Drill Results from San Juan at the Plomosas Project: 2.7 m at 1,304 gpt AgEq* and 3.6 m at 675 gpt AgEq*
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – is pleased to report additional high-grade drill results at its 100% owned Plomosas Silver Project (“Plomosas Project”) in Sinaloa, Mexico. These results are located in the San Juan area, one of six priority areas with a combination of recent (2016 to 2018) and historical drill data being released by the Company (See Drone Image).
GR Silver Mining Completes Second Option Payment under San Marcial Option Agreement
GR Silver Mining Ltd. (TSXV: GRSL, FRANKFURT: GPE, OTCQB: GLYXF) (“GR Silver Mining” or the “Company”) – announces that it has now made the second option payment as required under the San Marcial option agreement dated April 17, 2018 (refer to May 7, 2018 press release for further details), which included, in part, the issuance of 750,000 common shares to the optionor. As required by applicable securities law and the policies of the TSX Venture Exchange, the shares are subject to a hold period expiring September 2, 2020.